First Horizon Advisors Inc. Decreases Position in Five9, Inc. (NASDAQ:FIVN)

First Horizon Advisors Inc. reduced its stake in shares of Five9, Inc. (NASDAQ:FIVN) by 37.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 327 shares of the software maker’s stock after selling 199 shares during the quarter. First Horizon Advisors Inc.’s holdings in Five9 were worth $26,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock worth $38,000 after purchasing an additional 279 shares in the last quarter. Headlands Technologies LLC raised its holdings in Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after acquiring an additional 306 shares in the last quarter. Intrust Bank NA bought a new position in Five9 during the 4th quarter valued at $202,000. Orion Portfolio Solutions LLC boosted its stake in Five9 by 15.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,328 shares of the software maker’s stock valued at $214,000 after acquiring an additional 452 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new position in Five9 during the 4th quarter worth $230,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Price Performance

Shares of FIVN opened at $54.32 on Thursday. The firm has a market cap of $4.01 billion, a PE ratio of -63.91 and a beta of 0.85. Five9, Inc. has a 52-week low of $51.01 and a 52-week high of $92.40. The business’s 50 day moving average price is $59.61 and its two-hundred day moving average price is $68.36. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The business had revenue of $239.06 million for the quarter, compared to the consensus estimate of $237.64 million. On average, equities analysts anticipate that Five9, Inc. will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

FIVN has been the topic of several research reports. Piper Sandler increased their price objective on shares of Five9 from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Morgan Stanley reduced their target price on shares of Five9 from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Wells Fargo & Company dropped their target price on Five9 from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. KeyCorp cut their price target on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, February 22nd. Finally, Barclays cut their target price on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Five9 presently has an average rating of “Moderate Buy” and a consensus target price of $84.88.

Insider Buying and Selling at Five9

In related news, COO Andy Dignan sold 7,340 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $57.28, for a total transaction of $420,435.20. Following the completion of the sale, the chief operating officer now owns 129,559 shares in the company, valued at $7,421,139.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.